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What Was the Response of the World Economy After World War One?
All the nations went off the gold standard in the early stages of the war. I think Germany was the first to spend a gold convertibility. And they were able to manage about 20% or so wartime inflation during the entire year. But then afterwards, you know, why more Germany occurred and they had an extreme hyper inflation event where inflation reached the tens of thousands of percent. Alsace: The post-World War One world order was entirely different because there was no more just orderliness and like standardization between especially foreign exchange parties. It was completely unfettered.